Amundi Increases Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Amundi increased its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 151.0% in the 4th quarter, HoldingsChannel reports. The fund owned 49,454 shares of the company’s stock after purchasing an additional 29,748 shares during the period. Amundi’s holdings in The Hain Celestial Group were worth $304,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in HAIN. Point72 Asia Singapore Pte. Ltd. grew its holdings in The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after buying an additional 3,432 shares in the last quarter. Van ECK Associates Corp boosted its stake in The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after buying an additional 3,554 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in The Hain Celestial Group in the third quarter worth approximately $94,000. Sanctuary Advisors LLC purchased a new stake in The Hain Celestial Group in the third quarter worth approximately $93,000. Finally, Quantinno Capital Management LP purchased a new stake in The Hain Celestial Group in the third quarter worth approximately $108,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Trading Up 4.5 %

The Hain Celestial Group stock opened at $3.91 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00. The Hain Celestial Group, Inc. has a one year low of $3.28 and a one year high of $9.43. The stock has a market capitalization of $352.87 million, a PE ratio of -2.02 and a beta of 0.83. The business’s fifty day moving average is $4.39 and its 200 day moving average is $6.63.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. On average, sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Maxim Group lowered their price objective on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their target price on The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Mizuho decreased their target price on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Piper Sandler reduced their price target on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays cut their target price on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.44.

The Hain Celestial Group Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.